Record Outflow from Turkish Bonds by Foreign Investors Following the War in the Middle East
During the week of March 13, foreign investors carried out a historic net sale of $2.9 billion in Turkish bonds due to the impact of the conflicts in the Middle East.
The negative impacts of the war in the Middle East on Turkish assets were reflected in the data. According to data from the Central Bank of the Republic of Turkey, foreign investors made a record net sale of $2.9 billion in Turkish bonds during the week of March 13.
Record Level Outflow in Bonds
According to data announced by the Central Bank of the Republic of Turkey, foreign investors initiated a historic wave of selling in Turkish bonds during the week of March 13. The $2.9 billion net sale realized during this period pointed to a record capital outflow in terms of bonds.
Sales Continue in Stocks
The cautious atmosphere created by the war environment was not limited to the bond market alone. During the same week, foreign investors followed a sales-heavy trend in the stock market, realizing a net stock sale of $322 million.
When the first two weeks of March are evaluated as a whole, it was seen that the total net foreign outflow from Turkish stocks exceeded the $1 billion threshold.